Hawaii Real Estate State Practice Exam

When a seller counters a buyer’s offer at less than the asking price, it signifies a willingness to negotiate and modify the terms of the initial proposal. This action opens the door for further communication and discussions regarding the purchase.

The idea that each counter offer nullifies the original offer is accurate in this scenario. Once the seller makes a counteroffer, the original offer from the buyer is effectively rendered void. Only the counteroffer remains what the buyer can respond to. This means that if the buyer does not accept the counteroffer or make a new counteroffer themselves, the original agreement is no longer available for acceptance.

This concept emphasizes the importance of understanding the negotiation process in real estate transactions. It illustrates that offers and counteroffers are part of a dynamic conversation between the parties involved, requiring each party to clearly consider their positions and responses.

Ask an Examzify Tutor